Trick or Treat Market Surprise Halloween Gas (Or the real culprit of the Global Recession)

This might not be the most scientific approach but no one really noticed anything was wrong with the economy until the cost of petroleum sky rocketed out of site… Then everything started to head for hell in a hand basket. Now the sub prime is listed as the main issue but in the pit of ones gut the real pain still came from the pump. Once you have the government involved with banking you have the makings for all manner of mischief and with all the fat cats leaving Wall Street for parts of undisclosed swiss bank accounts (If the NYT story is true). Then maybe they have successfully pull off one of the greatest bank heist in history.

Look the REAL Industrial economy of this nation is in Detroit despite what these billion dollar banker babes would have us believe. People are still going to buy American trucks and SUV as long as gas is reasonable. The fact remains the magic number for gas is around $2.00 a gallon because that is the market price of Compressed Natural Gas. They have us on their program and they(the oil interest) intend to keep us there. That is of course unless we follow our own plan of action to wing this nation off of foreign oil.

As this is written the price of oil is down and the markets off again in the Pacific realm. There looks to be a major incident with Syria which could only advance the interest of the present administration’s war agenda. The election cannot come soon enough, that is of course provided they’re not canceled because of a national emergency. This has been the Administration rule by crisis mode since almost day one… No reason for them to change now.

The bright spot of this “consumer lead recession” will loose its legs as gas prices move down… Not that some water was needed to splash on the fire but the markets will resume refreshed from this cold shower. A sound energy policy by this country will do more than any bank intervention to move the markets into a more prosperous and sustainable level. If its true that consumers vote their pocketbooks then this election is already over

Tags: election 2008, recession, stock market